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Re: jdews post# 11218

Thursday, 02/23/2012 2:36:04 PM

Thursday, February 23, 2012 2:36:04 PM

Post# of 92241
The 10Q does also include the following "reassurances," in the paragraph just before that somewhat standard going-concern caveat:

"The Company expects to raise necessary capital from private placements of its restricted securities, including common stock and convertible notes. The Company has demonstrated an ability to raise funds as needed to fund operations and investments."

Also, Wikipedia says the line about "These conditions raise substantial doubt about its ability to continue as a going concern" is the MOST-common phrasing used by auditors in the going-concern section of 10Q's for companies that have a history of recurring losses (which we all know is the case for DROP at this point, and is to be expected unless and until massive revenues start flowing in). Our 10Q uses the word "serious" instead of "substantial," but that's probably a distinction without a difference...

Just FWIW